COLORADO SPRINGS, Colorado,
Jan. 22, 2013 /PRNewswire/ -- Century
Casinos, Inc. (NASDAQ Capital Market® and Vienna Stock Exchange:
CNTY) announced today that the company extended its long-term
concession agreement with TUI Cruises.
TUI Cruises is a joint venture between TUI AG and Royal Caribbean Cruises Ltd. with
focus on the premium all inclusive cruise market. TUI Cruises
currently has two luxurious 1,900-guest ships (Mein Schiff 1, Mein
Schiff 2) in service to explore the world in style and
comfort. A new 2,500-guest ship (Mein
Schiff 3) is currently being built, scheduled to commence
operations in early 2014 and also part of the extended agreement,
under which Century Casinos will operate these casinos until at
least May 2017.
"We are delighted about the extension and prolongation of our
cooperation with TUI Cruises. The growing number of our cruise ship
casino operations has developed into a strong business segment for
Century Casinos," said Erwin Haitzmann and Peter Hoetzinger, Co
CEOs of Century Casinos.
About Century Casinos, Inc.:
Century Casinos, Inc. is an international casino entertainment
company that owns and operates Century Casino & Hotels in
Cripple Creek and Central City, Colorado, and in Edmonton, Alberta, Canada and the Century
Casino in Calgary, Alberta,
Canada. The Company also operates casinos aboard twelve
luxury cruise vessels (Regatta, Nautica, Marina, Riviera,
Mein Schiff 1, Mein Schiff 2, Wind Surf, Wind Star, Wind
Spirit, Seven Seas Voyager, Seven Seas Mariner and Seven Seas
Navigator). Through its Austrian subsidiary, Century Casinos Europe
GmbH, the Company holds a 33.3% ownership interest in Casinos
Poland Ltd., the owner and operator of eight casinos in
Poland. The Company also manages
the operations of the casino at the Radisson Aruba Resort, Casino
& Spa in Aruba, Caribbean. Century Casinos, Inc. continues to
pursue other international projects in various stages of
development.
For more information about Century Casinos, visit our website at
www.centurycasinos.com. Century Casinos' common stock trades on The
NASDAQ Capital Market® and the Vienna Stock Exchange under the
symbol CNTY.
This release may contain "forward-looking statements" within
the meaning of Section 27A of the Security Act of 1933, as amended,
Section 21E of the Securities Exchange Act of 1934, as amended, and
the Private Securities Litigation Reform Act of 1995. These
statements are based on the beliefs and assumptions of the
management of Century Casinos based on information currently
available to management. Such forward-looking statements include,
but are not limited to, statements regarding approvals required for
the CPL transaction and the Racing Entertainment Centre project in
Alberta, Canada, future results of
operations, operating efficiencies, synergies and operational
performance, economic improvements in 2013 and plans for our
casinos and our Company. Such forward-looking statements are
subject to risks, uncertainties and other factors that could cause
actual results to differ materially from future results expressed
or implied by such forward-looking statements. Important factors
that could cause actual results to differ materially from the
forward-looking statements include, among others, the risks
described in the section entitled "Risk Factors" under Item 1A in
our Annual Report on Form 10-K for the year ended December 31, 2011. Century Casinos disclaims any
obligation to revise or update any forward-looking statement that
may be made from time to time by it or on its behalf.